Rio Tinto reports 90.8 million tons while Rio Tinto stock costs EUR 79.11

Published on 10/15/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cuts its target to GBp 7,950 from GBp 8,100 on October 14, 2026. Rio Tinto stock costs EUR 79.11 on October 15, 2026.

Operational growth and broker view

Rio Tinto sold 90.8 million tons of iron ore in the third quarter on October 14, 2026.
Oyu Tolgoi copper production rose 27 percent year over year in the third quarter of 2026.
Rio Tinto stock traded at EUR 79.11 at 11:16 a.m. CEST at Lang & Schwarz on October 15, 2026.
JPMorgan set a GBp 7,950 target on October 14, 2026.

Bauhaus-Poster mit geometrischen Bergformen, Förderturm und dem Wort MINING — Rio Tinto plc (ISIN GB0007188757) und der Bergbausektor inspirieren dieses geometrische Bauhaus-Poster mit Förderturm-Motiv, Illustration mit AI erstellt.

Rio Tinto (ISIN GB0007188757) reported 90.8 million tons of global iron ore sales for the third quarter of 2026, up 3 percent from the same quarter of 2025. The production update dated October 14, 2026 also showed copper growth at Oyu Tolgoi and unchanged full-year guidance, according to Rio Tinto.

Three milestones shape the year

Rio Tinto's December 2025 Capital Markets Day set global iron ore sales guidance at 343 million to 366 million tons for 2026, a range the company reaffirmed in the October production release. On October 6, 2026, RBC Capital upgraded its rating from Underperform to Sector Perform but lowered its target from GBp 6,600 to GBp 6,500, as reported by Markets Insider. On October 14, 2026, Rio Tinto reported the 90.8 million tons of third-quarter iron ore sales, making the latest operating update the key reference point for the stock.

What does the guidance imply?

The operating mix is improving unevenly. Oyu Tolgoi copper production rose 27 percent year over year in the third quarter and 29 percent in the first nine months of 2026, while consolidated copper production was 205,000 tons for the quarter and 646,000 tons for the first nine months. Global iron ore sales reached 255.3 million tons in the first nine months, up 3 percent from the same period of 2025. Rio Tinto also said Simandou reached a production run rate that supports its target of 60 million tons annually in the second half of 2028, while 2026 iron ore sales guidance stayed at 343 million to 366 million tons, according to Rio Tinto.

The counterweight is the broker view. On October 14, 2026, JPMorgan analyst Dominic O'Kane cut the target from GBp 8,100 to GBp 7,950 while retaining a Neutral rating, according to Markets Insider. The adjustment keeps attention on execution and commodity exposure even as production guidance remains intact.

Stock price and market view

On the LSE, Rio Tinto was at GBp 6,678 at 10:24 a.m. London time on October 15, 2026. The same quotation showed a 52-week range of GBp 5,029 to GBp 9,117, placing the share materially below its yearly high while the German euro quotation remained the central reference for local investors.

Rio Tinto was trading at EUR 79.11 at Lang & Schwarz on October 15, 2026 at 11:16 a.m. CEST. The Xetra comparison is omitted because a dated Xetra close could not be established from the permitted reference sources. The further course of trading is shown by the continuously updated real-time quote of Rio Tinto stock.